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Spain rocked by anti-bank protests after Supreme Court ruling
Podemos party leader Pablo Iglesias speaks during a protest outside the Supreme Court in Madrid on Saturday. People are protesting after the Supreme Court ruled that the mortgage taxes fall on customers instead of on banks.

PROTESTS were held across Spain yesterday against a Supreme Court ruling that puts banks “above the law.”

Crowds held “caceroladas,” where demonstrators raise an infernal din by banging pans and cooking utensils, in rallies organised by the left-wing United Podemos coalition, which includes anti-austerity party Podemos as well as the Communist Party-led United Left and others. The biggest rally was held outside the Supreme Court in Madrid.

Podemos politician Pablo Iglesias said a ruling that transfers responsibility for paying fees on legal documents and taxes on mortgages from the lending bank to the client, effectively overruling a law passed by Spain’s Socialist Party-led government that said banks should shoulder those costs, was “an attack on the separation of powers and democracy.”

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